Question

27. Cash discount is allowed on
repayment of debt.
(A)Lump sum
(B)Prompt
(C)Actual
(D) None of them​

Answer 1

Answer:

Answer is option B)

Solution(By Examveda Team)

Cash discount is allowed on Prompt repayment of debt. It is cash discount it may be allowed or received. In case of discount allowed It is an Expense and in case of received it is an income.